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Party City files for bankruptcy protection (updated)
"As we take this important step to put our business on stronger financial footing for the future, we are as committed as ever to inspiring joy by making it easy for our customers to create unforgettable memories," CEO Brad Weston said in a statement.
Party City receives delisting notice from NYSE
After hitting a high of $6.55 on Jan. 6, the Woodcliff Lake-based accessories retailer has recently failed to maintain an average $1 per share stock price over a 30-day trading period.
Fitch Ratings downgrades Party City
The move comes in the wake of flat Halloween sales, word the retailer would cut its corporate workforce by 19%, and a targeted $30 million reduction in costs in an effort to offset the impacts of lower demand and inflationary pressures.
Following flat Halloween sales, Party City to cut corporate workforce by 19%
The Woodcliff Lake-based accessories retailer is going into cost-cutting mode, announcing savings measures and, for the third time this year, a revised business outlook that readjusts its previous forecast for full-year revenue.
Party City celebrates opening of new Woodcliff Lake HQ (updated)
Founded 36 years ago in East Hanover, the company is the largest retailer of party goods in the U.S., Canada and Mexico.
NJ approves first corporate tax break under $1.1B incentive program (updated)
The $9.9 million NJ Emerge incentive will go to Party City, which plans to bring 357 new employment positions to the state, on top of its current 338 full-time jobs.
